GALA/USDT – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The combination Gala/Tether (GALA/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 0.00835 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.00902 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.00902 – 0.00915 – 0.01054 – 0.00856 – 0.00858 – 0.00835 — 48.228612182861 – 47.150497006132 — 92.344424034076 – 94.261967092017 – 67.885966313574 – 85.826181535996

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –